Just Ignore such properties. Those seller not even interested to sell their property as they don't have need of money. These sellers know very well their expected price is beyond the market price and they simply test the buyers response. They are not even ready for negotiations. They just test the market pulse at regular intervals.

In my personal Opinion, If some one is in need of money, they don't wait for many years for liquidation. I've seen similar cases earlier for Rashi Residency layout on Magadi Road, PC Paradise layout at Chandapura Circle on Hosur Road...etc, Seller placing ads in web portals freely for the same property from last couple of years by revising prices and till today they haven't sold them.

There are couple of developers having projects without proper approvals from a competent authority or intentionally deviated from the sanctioned plan. Now they have the pressure of RERA along with the Demonetization effect & unable to do registration at full value as they can easily get caught with the IT Department/Revenue dept when compared with the previous registrations. These people still demand major Part in Cash and some how they want to get rid of those projects asap.

These are the people having cash flow problem & trying to attract the potential buyers with some carrots & ready for compromise. If you sit with them for negotiation, you can get further reduction in price for cash settlement.